Use the high-low method to determine variable cost per unit, Cost Accounting

Assignment Help:

The following data is available regarding costs and units:
Observation Machine-hours Total Operating Costs
January 4,000 $45,900
February 5,000 52,500
March 3,400 44,025
April 4,400 48,000
May 4,500 49,200
Required:
a. Use the high-low method to determine variable cost per unit and the fixed costs.
b. If June's estimated machine-hours total 4,200, what are the total estimated costs of the Machining Department? What are the costs per hour?
Variable Cost Per Unit ___________________________________
Fixed Costs ____________________________________
Costs @ 4,200 units ____________________________________
Cost Per Hour @ 4,200 ____________________________________


Related Discussions:- Use the high-low method to determine variable cost per unit

Assignment, What is the major value of the weighted cost of capital calcula...

What is the major value of the weighted cost of capital calculation for the firm?

Cost - terms used in cost accounting, Cost - Terms Used in Cost Accounting ...

Cost - Terms Used in Cost Accounting It measures the economic sacrifice created to achieve an organizations aims. For a product, cost represents the monetary measurement of re

Cost sheet, what is a cost sheet? what are its advantages?

what is a cost sheet? what are its advantages?

Discount model of stock valuation-ddm, Value one stock using the dividend d...

Value one stock using the dividend discount model of stock valuation with two periods of constant growth (not the simple one period growth model).  See chapter 18 of the textbook

Calculate the ß, Calculate the β of Maine Corporation from the following da...

Calculate the β of Maine Corporation from the following data. The prices are at the beginning and at the end of each year     Normal 0 false false

Conceptual Frame work, What are the dependent and independent variables in ...

What are the dependent and independent variables in Cost Accounting??

Issuance of stock - shares of common stock, 1. Issuance of stock Prepa...

1. Issuance of stock Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases: a. Jacks

Marginal costing vs direct costing, MARGINAL COSTING Vs DIRECT COSTING ...

MARGINAL COSTING Vs DIRECT COSTING Direct costing is the method where only direct costs are measured while calculating the cost of the product. Indirect costs are met in opposi

Expenditure for the base period and the current period, 1. The table below ...

1. The table below gives data for Southland where there are three consumption goods: bananas, coconuts and grapes. Goods Quantity in base period basket

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd